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XFLS
Xfuels Inc.

Common Stock

Xfuels Inc.

711 S. Carson St., Suite 4

Carson City, NV 76360

Principal Executive Offices:

711 S. Carson St., Suite 4

Carson City, NV 76360

+1 940-495-2155

info@xxfuels.com
Last Verified 12/2022
Business Description
The Company has operations in the US and Canada and is an energy provider that operates three vertically integrated business units in Oil and Gas production, Oil and Gas Service and Green Energy production and technologies. It is in the process of creating a vertically integrated company through subsidiary acquisitions where each subsidiary creates value and adds support to the other. The Company is pursuing growth and sustainability through acquisitions and development.
Financial Reporting
Reporting Status
Dark: Alternative Reporting Standard
Audited Financials
Unaudited
CIK
0001518548
Fiscal Year End
12/31
Company Officers & Contacts
Andreas Roussos
CEO

Charles Iggulden
President, COO

Charles Iggulden PhD, MBA - President and Chief Operating Officer (COO), with 25+ years of global leadership experience within construction, Oil/Gas and power industries, Charles is a Solutions-focused senior manager with extensive experience planning, implementing, and directing enterprise-wide strategic vision aimed at increasing revenue and attaining operational excellence. Exceptional communicator skilled in global networking and cultivating long-lasting relationships with employees, senior executives, clients, and community members. Fiscally disciplined with proven record managing multi-million-dollar budgets across various business functions. Analytical strategist continually focused on identifying complex business challenges and aligning appropriate solutions.

Mike David McLaren
Other

Michael McLaren MSc. MBA - Chief Executive Officer (CEO), has been in the Energy industry for more than 25 years. His experience includes several Military and Energy projects. Mr. McLaren has been the developer and Patent holder of the Cycle Energy technologies since the company's inception. Mr. McLaren has a master's degree in Science and a master's degree in Business from the University of British Columbia. Mr. McLaren wrote, together with Dr. Olev Trass, several publications on Selective Oil Agglomeration for Ecological Benefits, Coal Water Oil Fuel (CWF), and the preparation of various fuels for clean coal energy. He currently serves as CEO & Founding Shareholder of Cycle Energy Ltd. He also has extensive experience in operating E&P companies, Field service and negotiating M&A opportunities.

Board of Directors
Sigmund Friberg
Independent Director, Audit Committee Member

Sigmund Phillipe Friberg earned a Masters Degree in Economics from University of Copenhagen in 1979. From 1990 to 2001, Mr. Friberg served as the Chief Financial Officer with André Group, a company established in 1877 and was one of the world’s big-five in grain trading. From 2001 until the present, Mr. Friberg served as a financial & administrative consultant for financial and trading companies, and an independent economic adviser for insurance, investment and real estate financing

Gary Giles
Independent Director, Audit Committee Member, Compensation Committee Member, Nominating Committee Member

Gary started in the oil business in 1982 by creating G&F oil during the boom in oil pricing. He became the sole owner of G&F oil in 1984 after acquiring Ferguson's half of the company. Gary transitioned to E&P in the late eighties when many other companies went under due to a fall in oil pricing and drilled his first 2 wells in 1987. Since then, Gary has been consistently drilling new wells while operating around 125 wells in the Fort Worth Basin. He helped many other startup companies drill and complete wells across the Fort Worth Basin. In 2014 Gary began drilling Marble Falls formation wells. During that time, he successfully drilled and completed 52 of 52 wells without seeing a dry hole. Gary has drilled over 100+ wells across the Fort Worth Basin over his career with a 95+% success rate.

Charles Iggulden

Charles Iggulden PhD, MBA - President and Chief Operating Officer (COO), with 25+ years of global leadership experience within construction, Oil/Gas and power industries, Charles is a Solutions-focused senior manager with extensive experience planning, implementing, and directing enterprise-wide strategic vision aimed at increasing revenue and attaining operational excellence. Exceptional communicator skilled in global networking and cultivating long-lasting relationships with employees, senior executives, clients, and community members. Fiscally disciplined with proven record managing multi-million-dollar budgets across various business functions. Analytical strategist continually focused on identifying complex business challenges and aligning appropriate solutions.

Andreas Roussos
CEO

Other Company Insiders
Michael McLaren
-
Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Prohibited Service ProviderBF Borgers CPA PC

5400 West Cedar Avenue

Lakewood, CO 80226

Profile Data
SIC - Industry Classification
Not Available
Incorporation Information
NV, US, 2010
Employees
12 as of 07/12/2021
Shell
No
Products and Services

Oil and Gas production in Texas and California. Oil and Gas service primarily focused on end of life abandonments, wellsite clean up and workovers. Green and Blue energy technology for hydrogen production, liquid fuel production and electricity production.

Company Facilities

The company owns and operated several oil and gas assets in Texas.

Company Notes
Formerly=Amazonica Corp. until 1-2016
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